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Judi Lynn

(160,755 posts) Thu Feb 14, 2013, 04:01 PM Feb 2013

Ex-San Diego Mayor O'Connor admits taking charity funds as she won, lost $1 billion gambling [View all]

Source: Associated Press

Ex-San Diego Mayor O'Connor admits taking charity funds as she won, lost $1 billion gambling
Article by: ELLIOT SPAGAT , Associated Press
Updated: February 14, 2013 - 1:48 PM

SAN DIEGO - Former San Diego mayor Maureen O'Connor has admitted in federal court that she misappropriated $2 million from her late husband's charitable foundation due to a gambling addiction in which won more than $1 billion but lost even more over nearly a decade.

O'Connor made the acknowledgement Thursday in an agreement with the government to defer prosecution for two years while she attempts to repay the debt.

O'Connor was the Democratic leader of California's second-largest city from 1986 to 1992. The two-term mayor was elected San Diego's first female leader after eight years on the City Council. She was married to Robert O. Peterson, founder of the Jack-In-The-Box restaurant chain.

Prosecutors say her gambling winnings amounted to more than $1 billion from 2000 to 2009 but she lost more than that.

Read more: http://www.startribune.com/nation/191233281.html

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Maureen O'Connor[/center]

32 replies

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Ex-San Diego Mayor O'Connor admits taking charity funds as she won, lost $1 billion gambling [View all] Judi Lynn Feb 2013 OP

billion here a billion there and soon we're talking about real money. Exultant Democracy Feb 2013 #1

Just like peeing in a cash register, it can run into real money. olddad56 Feb 2013 #10

$1 Billion... wow deathrind Feb 2013 #2

I lived in SD then I never trusted her. upaloopa Feb 2013 #3

A BILLION? CBHagman Feb 2013 #4

there are two types of gamblers; losers and liars frylock Feb 2013 #5

I'm trying to wrap my head around how a person could possibly gamble away a BILLION dollars slackmaster Feb 2013 #6

I want to know how she did it for over a decade without word getting out.... Blue_Tires Feb 2013 #17

If you re-read the story, she played a billion, rather than lost a billion. Psephos Feb 2013 #25

I understand the math, the finances, and the tax implications of all that. My gambling limit is... slackmaster Feb 2013 #26

Best way to repay the debt is to hit it big at the casinos dixiegrrrrl Feb 2013 #7

Having moved to Vegas I can only say one thing... Spitfire of ATJ Feb 2013 #8

The funds to build austinlw Feb 2013 #12

Not always, but the casinos take advantage of people thinking they can beat the house. Spitfire of ATJ Feb 2013 #15

She must have made some awfully big bets subterranean Feb 2013 #9

The Wall Street banksters are laughing their asses off. Arctic Dave Feb 2013 #11

^^^^^^truth Blue_Tires Feb 2013 #16

And get HUGE bonuses to do it! n/t csziggy Feb 2013 #20

You're so depressingly on point. nt. Hosnon Feb 2013 #28

Gambling addiction is just as bad as drugs or alchohol Kingofalldems Feb 2013 #13

I have a problem just gamblling twenty dollars away...one billion...??? Katashi_itto Feb 2013 #14

Perfect photo! Adsos Letter Feb 2013 #18

Yet another lying and thieving repuke abusing power once again? rachel1 Feb 2013 #19

She was not a repuke. progressiveinaction Feb 2013 #21

That's alot of Jumbo Jacks. Safetykitten Feb 2013 #22

That's what I call.... defacto7 Feb 2013 #23

A billion dollars over a ten year period mokawanis Feb 2013 #24

Baccarat anyone exboyfil Feb 2013 #31

Got a billion dollars you could loan me? mokawanis Feb 2013 #32

Let's take the House and Senate goclark Feb 2013 #27

There definitely is such a thing as a gambling addiction. And this woman has one. dimbear Feb 2013 #29

Not a bad track record in betting exboyfil Feb 2013 #30